FIQHX vs. UEPIX
FIQHX (Fidelity Advisor Europe Fund Class Z) and UEPIX (ProFunds Europe 30 Fund) are both Europe Equities funds. Over the past 5 years, FIQHX returned 5.95%/yr vs 12.04%/yr for UEPIX. Their correlation of 0.83 means they have usually moved in the same direction. FIQHX charges 0.95%/yr vs 1.78%/yr for UEPIX.
Performance
FIQHX vs. UEPIX - Performance Comparison
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Returns By Period
In the year-to-date period, FIQHX achieves a 7.91% return, which is significantly lower than UEPIX's 19.43% return.
FIQHX
- 1D
- -0.22%
- 1M
- -0.38%
- 6M
- 2.56%
- YTD
- 7.91%
- 1Y
- 18.98%
- 3Y*
- 16.89%
- 5Y*
- 5.95%
- 10Y*
- —
- ALL TIME*
- 9.39%
UEPIX
- 1D
- -0.77%
- 1M
- 0.43%
- 6M
- 10.65%
- YTD
- 19.43%
- 1Y
- 38.89%
- 3Y*
- 19.49%
- 5Y*
- 12.04%
- 10Y*
- 9.71%
- ALL TIME*
- 2.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FIQHX vs. UEPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIQHX Fidelity Advisor Europe Fund Class Z | 7.91% | 37.68% | 4.31% | 13.79% | -20.52% | 6.76% | 18.43% | 24.60% | -8.93% |
UEPIX ProFunds Europe 30 Fund | 19.43% | 28.46% | 2.60% | 18.54% | -7.83% | 24.46% | -9.97% | 17.87% | -7.76% |
Correlation
The correlation between FIQHX and UEPIX is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.83 |
The correlation between FIQHX and UEPIX has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.
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Return for Risk
FIQHX vs. UEPIX — Risk / Return Rank
FIQHX
UEPIX
FIQHX vs. UEPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Europe Fund Class Z (FIQHX) and ProFunds Europe 30 Fund (UEPIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FIQHX | UEPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.50 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.45 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 5.72 | -4.25 |
| Martin ratioReturn relative to average drawdown | 5.45 | 14.98 | -9.53 |
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Drawdowns
FIQHX vs. UEPIX - Drawdown Comparison
The maximum FIQHX drawdown since its inception was -37.96%, smaller than the maximum UEPIX drawdown of -76.06%. Use the drawdown chart below to compare losses from any high point for FIQHX and UEPIX.
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Drawdown Indicators
| FIQHX | UEPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.96% | -76.06% | +38.10% |
Max Drawdown (1Y)Largest decline over 1 year | -12.36% | -6.74% | -5.62% |
Max Drawdown (3Y)Largest decline over 3 years | -13.11% | -15.84% | +2.73% |
Max Drawdown (5Y)Largest decline over 5 years | -37.96% | -26.62% | -11.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.51% | — |
Current DrawdownCurrent decline from peak | -1.05% | -4.85% | +3.80% |
Average DrawdownAverage peak-to-trough decline | -9.14% | -42.95% | +33.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 2.57% | +0.77% |
Volatility
FIQHX vs. UEPIX - Volatility Comparison
Fidelity Advisor Europe Fund Class Z (FIQHX) has a higher volatility of 4.39% compared to ProFunds Europe 30 Fund (UEPIX) at 3.46%. This indicates that FIQHX's price experiences larger fluctuations and is considered to be riskier than UEPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIQHX | UEPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 3.46% | +0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 15.30% | 12.73% | +2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.54% | 15.37% | +2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.51% | 17.10% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.81% | 18.43% | +0.38% |
FIQHX vs. UEPIX - Expense Ratio Comparison
FIQHX has a 0.95% expense ratio, which is lower than UEPIX's 1.78% expense ratio.
Dividends
FIQHX vs. UEPIX - Dividend Comparison
FIQHX's dividend yield for the trailing twelve months is around 2.30%, more than UEPIX's 1.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQHX Fidelity Advisor Europe Fund Class Z | 2.30% | 2.48% | 3.47% | 1.78% | 0.00% | 16.30% | 1.26% | 7.61% | 12.24% | 0.00% | 0.00% | 0.00% |
UEPIX ProFunds Europe 30 Fund | 1.39% | 1.66% | 0.00% | 1.43% | 1.98% | 0.87% | 2.64% | 0.82% | 12.56% | 0.96% | 3.21% | 11.73% |
Frequently Asked Questions
FIQHX and UEPIX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIQHX has higher volatility (4.39%) compared to UEPIX (3.46%). In terms of maximum drawdown, FIQHX dropped -37.96% vs UEPIX's -76.06%.
UEPIX currently has the higher Sharpe Ratio (2.54 vs 1.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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